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HomeMy WebLinkAbout26-29 C tip Resolution No. 26-29 RESOLUTION AUTHORIZING EXECUTION OF A REDEVELOPMENT AGREEMENT WITH SOUTH GROVE HOLDINGS, LLC FOR THE REDEVELOPMENT OF 61-65 SOUTH GROVE AVENUE, ELGIN, ILLINOIS BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS, that David J. Kaptain, Mayor, and Kimberly A. Dewis, City Clerk, be and are hereby authorized and directed to execute a Redevelopment Agreement on behalf of the City of Elgin with South Grove Holdings, LLC, for the redevelopment of 61-65 South Grove Avenue, Elgin, Illinois,a copy of which is attached hereto and made a part hereof by reference. David J. Kaptain, Mayor Presented: February 25, 2026 Adopted: Vote: Yeas Nays: Recorded: Attest: Kimberly A. Dewis, City Clerk CITY OF ELGIN REDEVELOPMENT AGREEMENT (61-65 S. GROVE AVENUE) THIS REDEVELOPMENT AGREEMENT (hereinafter referred to as the "Ay-cement-) is made and entered into this 25 day of February ,2026 by and between the CITY OF ELGIN, an Illinois municipal corporation (hereinafter referred to as the "C ") and SOUTH GROVE HOLDINGS, LLC, an Illinois limited liability company (hereinafter referred to as the "Developer"). The City and Developer may be referred to collectively herein as the`'parties"" and individually as a"party." WHEREAS, the City Council of the City of Elgin (hereinafter referred to as the "C Council") has adopted Ordinance Nos. S6-99, S1-02, S2-02, S3-02 and S4-02 proposing, approving,and creating the Elgin Central Area Tax Increment Financing Redevelopment Plan and Project (hereinafter referred to as the "ECA TIF District ) pursuant to the Tax Increment Allocation Redevelopment Act at 65 ILCS 5/11-74.4-1,et seq.; and WHEREAS, the ECA TIF District was established on April 10, 2002, and will continue for thirty-five (35) years thereafter pursuant to the enactment of Public Act 104-0322, effective August 15,2025;and WHEREAS, the Developer is the owner certain property commonly known as 61-65 S. Grove Avenue, Elgin, Illinois, such property being legally described in Attachment A attached hereto(hereinafter referred to as the"Subject Propctyt "): and WHEREAS, the Subject Property is located within the ECA TIF District; and WHEREAS, the Subject Property is currently improved with two (2) -story commercial building which is vacant, functionally obsolete, and below certain minimum code standards for occupancy;and - 1 - WHEREAS, the roof of said commercial building partially collapsed on or about July 14, 2024, and again on or about August 22,2025, requiring substantial structural stabilization to save the historic facades on Grove Avenue and on Spring Street; and WHEREAS,the Subject Property is within the Downtown Elgin Commercial District,and the Downtown Elgin Commercial District is listed in the federal National Register of Historic Places and is an integral part of downtown Elgin; WHEREAS, preservation, redevelopment and improvement of the Subject Property will be a boon to the area deemed of high importance for the vigor and financial strength of the City's downtown business district; and WHEREAS, the Developer has submitted to the City a proposal for the redevelopment of the Subject Property that would create four (4) commercial spaces on the ground floor, six (6) apartments on the second floor,and a kitchen and meeting room in the basement,all on the Subject Property and in the manner as set forth on those twenty-three(23)pages labeled "65 South Grove Avenue" by COBU Architecture Studio dated January 20, 2025 as "Progress Set", and such twenty-three(23)pages are attached hereto as Attachment B,made a part hereof,and are hereafter collectively referred to as the"Approved Project Plans"; and WHEREAS,the City Council has determined,and hereby finds,that Developer's proposed redevelopment of the Subject Property as herein described will further the goals and objectives of the Elgin Central Area Tax Increment Financing Redevelopment Plan and Project and assist the City in its objective to create a more economically viable and sustainable downtown business district through strategic development that supports 24/7 activity and connects commercial corridors with residential properties, all of which are hereby declared by the City to be a valid "public purpose"of the City; and - 2 - WHEREAS, the City Council has determined, and hereby finds, that the Developer's proposed redevelopment of the Subject Property as described herein furthers the goals and objectives of the City of Elgin Comprehensive Plan in its objective to pursue adaptive reuse projects in existing downtown structures and to continue using the existing ECA TIF District to pro-actively assist with improvements to existing buildings, bringing them to current code standards; and WHEREAS, Developer's proposal for the redevelopment of the Subject Property will result in the renovation and further the adaptive re-use of an important downtown building; and WHEREAS, the proposed redevelopment of the Subject Property would not occur in the absence of limited development assistance from the City as herein provided; and WHEREAS, in order to facilitate the proposed redevelopment of the Subject Property as herein described which will further the goals and objectives of the ECA TIF District, the City has agreed to provide certain development assistance as hereinafter described; and WHEREAS, the City of Elgin is a home rule unit authorized to exercise any power and perform any function pertaining to its government and affairs; and WHEREAS, this Redevelopment Agreement, resulting in furthering and achieving the goals and objectives of the ECA TIF District and the City of Elgin Comprehensive Plan, and resulting in the benefits to the City as hereinabove stated, are matters within the government and affairs of the City;and WHEREAS,the redevelopment of the Subject Property will create job opportunities within the City; and WHEREAS, the redevelopment of the Subject Property will serve to further the development of adjacent areas of the City; and. - 3 - WHEREAS, the redevelopment of the Subject Property will strengthen the commercial sector of the downtown and the City; and WHEREAS,the redevelopment of the Subject Property will enhance the value of adjacent properties and in turn enhance the tax base of the City;and WHEREAS,the Developer has also successfully redeveloped 51 S. Grove Avenue into the Dream Hall and is the owner of 76-80 S. Grove Avenue; and WHEREAS,this Agreement is made in the best interest of the City. NOW, THEREFORE, for and in consideration of the mutual undertakings as set forth herein, and other good and valuable consideration, the receipt and sufficiency' of which is hereby acknowledged,the parties hereto agree as follows: 1. Recitals. The foregoing recitals are incorporated into this Agreement in their entirety. 2. Building Permit Application. A. Developer shall file with the City a formal building permit application at the Subject Property (such building permit application being hereinafter referred to as the "Permit Application ). Such Permit Application will request the permits necessary to provide for the redevelopment of the Subject Property in general conformance with the Approved Project Plans, modified and amended as may be required to comply with ordinances, building codes or other requirements of law (collectively hereinafter referred to as the "Project Modifications"). B. The Developer's proposal as set forth in the Approved Project Plans and as possibly modified by any Project Modifications is hereinafter referred to as "Subject -4- Redevelopment Plans"and the redevelopment of the Subject Property is hereinafter referred to as the "Subject Redevelopment... 3. Construction of Subject Redevelopment. A. It is agreed and understood that the redevelopment assistance being provided by the City to the Developer pursuant to this Agreement is being provided for the sole purpose of assisting the Developer with the Subject Redevelopment of the Subject Property as described in this Agreement. The redevelopment of the Subject Property shall conform in all respects with the Subject Redevelopment Plan and as otherwise directed by the City to the extent necessary to comply with other applicable ordinances, building codes, or other requirements of law. The Developer shall also cause all work performed in connection with the Subject Redevelopment to be performed in a workmanlike manner. Except as otherwise provided in this Agreement,all costs and expenses relating to the Subject Redevelopment including, without limitation,construction of the Subject Redevelopment Plans, shall be the responsibility of and shall be paid for by the Developer. B. Developer shall. \\ithin ninety (90) days of the date of the entry into this Agreement, submit to the City and to all other governmental bodies or agencies thereof having jurisdiction over the Subject Redevelopment (if any) applications for all permits required to perform the Subject Redevelopment in accordance with the Subject Redevelopment Plans to be approved by the City (collectively hereinafter referred to as the "Required Permits"). C. Developer shall commence construction of the Subject Redevelopment on the Subject Property within one hundred and twenty (120) days of the issuance to the Developer by the City and by any other governmental body or agency having jurisdiction over the Subject Redevelopment, of all Required Permits (hereinafter referred to as the "Construction - 5 - Commencement Deadline"), subject, however, to reasonable extension by reason of Force Majeure (as hereafter defined). Developer shall be deemed to have commenced construction of the Subject Redevelopment upon Developer obtaining a building permit from the City for the Subject Redevelopment and the commencement of initial construction activities associated with the Subject Redevelopment. In the event the Developer does not commence construction by the first to arrive of(i)the Construction Commencement Deadline(as same may be extended as provided herein) or (ii) the first business day that is two hundred seventy (270) days after the date of the entry into this Agreement, subject, however, to reasonable extension by reason of Force Majeure, then Developer shall provide the City notice of non-commencement, whereupon, absent any written agreement between the parties to extend the Construction Commencement Deadline,either party shall have the right, by written notice to the other, to terminate this Agreement, whereupon this Agreement shall be cancelled and null and void with no further liability of either party hereunder. D. Upon Developer commencing construction of the Subject Redevelopment on the Subject Property,the Developer shall continue with the construction of the Subject Redevelopment in as expeditious a manner as is reasonably practicable. The Developer shall substantially complete the Subject Redevelopment on or before the last day of the eighteenth (18th) month following the commencement of construction of the Subject Redevelopment (hereinafter referred to as the --Completion Date"); provided, however, that such Completion Date shall be extended by one day for each day for which construction is delayed or stopped due to accident, strikes, shortage of materials,extreme weather,acts of God,pandemic(including the COVID-19 virus and any variant thereof),government shutdown,public health crisis,undue delay by the City in issuing any required permits for which application has been properly made by the Developer, or lawsuits - 6- or other administrative actions brought by any third party that has the effect of hindering or delaying Developer's performance hereunder(such occurrences being individually or collectively hereinafter referred to as"Force Majeure"). In the event Developer requires any further extension of any of the Completion Dates for the Subject Redevelopment of the Subject Property other than by reason of Force Majeure,any such requests shall be submitted to the City in writing specifying the reasons for such an extension and the amount of additional time being requested. The City Development Administrator may grant an extension of the Completion Date for the Subject Redevelopment of the Subject Property for up to six (6) months in the City Development Administrator's sole discretion, provided that any such extension shall also be in writing. Any agreement by the City to further extend the Completion Date for the Subject Redevelopment of the Subject Property beyond said six(6)months shall be at the sole discretion of the City Council of the City. E. The Subject Redevelopment shall be deemed"substantialIN completed"when the Developer has completed all of the improvements proposed to be constructed and installed in connection with the Subject Redevelopment, subject to only customary "punchlist" work to be completed,and has obtained a temporary or final occupancy permit for the building on the Subject Property. 4. I)ev elopment Assistance from Cite. A. In consideration of the Developer completing the Subject Redevelopment as set firth in this Agreement, the City agrees to provide the development assistance to the Developer set forth in this Section 4. In the event of Developer's completion of the Subject Redevelopment, the City agrees to provide the Developer monetary development assistance of One Million Seven Hundred and Eighty-One Thousand Ninety-Two and 00/100 Dollars($1,781,092.00) (hereinafter - 7 - referred to as the "Subject Monetary Development Assistance"). The Subject Monetary Development Assistance shall be paid by the City to the Developer to reimburse the Developer for Subject Redevelopment Costs (as hereinafter defined) incurred by the Developer in connection with the Subject Redevelopment. Redevelopment Project Costs shall be defined as provided in 65 ILCS 5/11-74.4-3(q), which are incurred by Developer in connection with the Subject Redevelopment and which are eligible under law for reimbursement from the City's ECA TIF District(such costs as defined in 65 ILCS 5/11-74.4-3(q), which are incurred by the Developer in connection with Subject Redevelopment and which are eligible under law for reimbursement from the City's ECA TIF District are hereinafter referred to as the "Redevelopment Project Costs"). Eligible Redevelopment Project Costs shall include labor,material, and equipment costs,and such other costs as may be reasonably necessary for the execution and completion of the Subject Redevelopment as detailed within the 4-page"Sworn Statement of Contractor and Subcontractor to Owner and Chicago Title Insurance Company", dated October 15, 2025, as set forth in Attachment C,attached hereto and made a part hereof. B. It is expressly agreed and understood that, regardless of the actual amount of the Redevelopment Project Costs incurred by the Developer, the City's Subject Monetary Development Assistance to Developer shall nonetheless be limited to an amount not to exceed One Million Seven Hundred and Eighty-One Thousand Ninety-Two and 00/100 Dollars ($1,781,092.00). As a condition of the right to receive payment from the City of the Subject Monetary Development Assistance, Developer shall be required to document to the City's reasonable satisfaction evidence that it has incurred Redevelopment Project Costs in connection with the Subject Redevelopment in the amount of the Subject Monetary Development Assistance. The Subject Monetary Development Assistance shall be utilized by the Developer solely and only - 8 - for the payment of Redevelopment Project Costs for the Subject Redevelopment in accordance with the terms of this Agreement. C. The City shall pay the Subject Monetary Development Assistance to the Developer in increments at each Payment Eligibility Date(as defined in the following table)as follows: Payment Description of Payment Eligibility Amount of Subject Monetary No. Development Assistance to be paid to Developer 1 City has issued a full building permit for Four Hundred Thousand and the Subject Redevelopment. (Only in so 00/100 Dollars ($400,000.00) to long as the Developer provides all be deposited into the construction drawings and necessary Developer's construction escrow support documentation at a level of at the title insurance company detail deemed sufficient by the City in its being used by Developer for complete discretion to issue said full making construction payouts for building permit, and the Developer has the work being performed on the paid all required fees except those that Subject Redevelopment of the may be waived by the City as described Subject Property. in Section 8.C.) 2 Developer has provided to the City Six Hundred Ninety Thousand evidence that fifty percent (50%) of the Five Hundred Forty-Six and Subject Redevelopment has been 00/100 Dollars($690,546.00),to completed as certified to the City by the be deposited into the Developer's project architect and by Developer's construction escrow such third-party architect as the City at the title insurance company may, in its discretion, elect to retain to being used by Developer for oversee the completion of the work. making construction payouts for the work being performed on the Subject Redevelopment of the Subject Property. 3 When the work required to complete the The unpaid balance of the Subject Redevelopment is substantially Subject Monetary Development completed, as defined in Section 3.E Assistance; provided that the hereof, as certified to the City by the City may hold back an amount Developer's project architect and by estimated to be the reasonable such third-party architect as the City cost to complete all punchlist may, in its discretion, elect to retain to items, if any. oversee the completion of the work, and when the Developer submits to the City: (1) an executed, notarized itemized contractor statement reflecting the total cost of the work required to complete the Subject Redevelopment and each - 9 - portion thereof,including but not limited to, the cost of labor (whether provided by any contractor or subcontractor), materials and equipment; (2) copies of all bids, contracts and invoices submitted, executed or incurred pursuant to the work required to complete the Subject Redevelopment; (3) reasonable proof of payment of all costs incurred pursuant to the work required to complete the Subject Redevelopment; and (4) lien waivers from any all contractors and subcontractors required to execute the Subject Redevelopment Plan. D. INTENTIONALLY OMITTED. E. The City shall be permitted access to the Subject Property to periodically review the progress of the work associated with the Subject Redevelopment. Such review shall not be in lieu of any other inspections that may otherwise be required by law or by the City. Any and all portions of the work associated with the Subject Redevelopment which do not, in the sole discretion of the City, conform to the Subject Redevelopment or other applicable terms of this Agreement, shall be made to conform to the Subject Redevelopment and other applicable terms of this Agreement upon written notice of the existence of such non-conforming portions. F. In addition to the Subject Monetary Development Assistance to be provided to the Developer as defined in the preceding subsections of this Section 4, the City also agrees to grant to the Developer during the construction of the Subject Redevelopment temporary construction easements on City-owned property adjacent to the Subject Property reasonably necessary for the construction of the Subject Redevelopment. Such temporary construction easements shall be in a form approved by the City's Corporation Counsel. - 10 - G. The parties understand and agree that the Subject Monetary Development Assistance and the other assistance being provided by the City to the Developer as set forth in this Section 4 are expressly subject to and contingent upon the Developer completing and maintaining the Subject Redevelopment as set forth in this Agreement. In the event the Developer fails to complete the Subject Redevelopment as required in this Agreement, or fails to maintain and operate the Subject Redevelopment as described and required in this Agreement, the parties understand and agree that the City will not be providing the Subject Monetary Development Assistance. Upon the occurrence of an Event of Default on the part of the Developer(as defined in Section 10)then, in addition to other remedies available to the City at law, equity or otherwise, the City shall recover any Subject Monetary Development Assistance previously paid to the Developer and may terminate any further and other assistance being provided to the Developer. 5. INTENTIONALLY OMITTED. 6. Subject Redevelopment to Remain on Subject Property. The Developer agrees that,except as otherwise agreed to in writing by the City's Director of Community Development. the Subject Redevelopment shall be maintained,remain,and otherwise continue operating on the Subject Property for a period of not less than five (5) years following the date of this Agreement (hereinafter referred to as the "Redevelopment Term.). Nothing herein is intended to limit, restrict,or prohibit the Developer from undertaking any other work in or about the Subject Property that is unrelated to the Subject Redevelopment provided for in this Agreement. 7. Assessment of Subject Property. The City and Developer agree that the Subject Redevelopment should be assessed for general real estate taxes in the manner provided by Illinois Compiled Statutes as they may be amended from time to time. This provision shall not be deemed to prevent the Developer or its successors or permitted assigns from appealing or challenging - 11 - assessments against the Subject Redevelopment which Developer or its successors or permitted assigns consider to be contrary to law. Notwithstanding any other provisions of this Agreement to the contrary, in the event the Developer conveys the Subject Property to a for-profit entity during the Redevelopment Term, then any such successor owner of the Subject Property during the Redevelopment Term shall not do any of the following: A. Request a full or partial exemption for general real estate taxes for any portion of the Subject Property or the improvements thereon; B. Request a partial or full abatement of general real estate taxes for any portion of the Subject Property or the improvements thereon; C. Request an assessment at a value not otherwise permitted by law. 8. Compliance with Laws. A. Notwithstanding any other provisions of this Agreement, it is expressly agreed and understood by the Developer and the City that in connection with the performance of this Agreement and the redevelopment of the Subject Property with the Subject Redevelopment, the Developer shall comply with all applicable federal, state, city, and other requirements of laNk. including but not limited to. any applicable requirements regarding prevailing wages. minimum wage,workplace safety,and legal status of employees. Without limiting the foregoing, Developer hereby certifies, represents, and warrants to the City that all Developer's employees and/or agents who will be providing products and/or services with respect to this Agreement shall be legal residents of the United States. The City shall have the right to audit any records in the possession or control of the Developer to determine Developer's compliance vv ith the provisions of this section. In the event the City proceeds with such an audit, the Developer shall make available to - 12 - the City the Developer's relevant records at no cost to the City. Developer shall pay any and all costs of such audit. B. In all hiring or employment made possible or resulting from this Agreement, there shall be no discrimination against any employee or applicant for employment because of sex,age, race.color,creed,national origin,marital status,of the presence of any sensory,mental or physical handicap, unless based upon a bona fide occupational qualification, and this requirement shall apply to, but not be limited to,the following: employment advertising, layoff or termination, rates of pay or other forms of compensation and selection for training, including apprenticeship. C. The City agrees to waive and not require the Developer to pay any building permit fees. impact fees,water tap and water meter fees,fire alarm and fire sprinkler permit fees,elevator permit and initial inspection fees, plan review fees, engineering fees. food handling permit fees, and occupancy permit fees, collectively referred to as the "Development Fees," which would otherwise be due and payable to the City in connection with the initial establishment of the Subject Redevelopment. Said waiver of Development Fees does not include any subsequent annual permit and/or inspection fees owed or otherwise required,and said waiver does not include any fees owed or otherwise required for the sale of alcoholic beverages, including but not limited to a liquor license. Any and all permit fees, impact fees, recapture fees, or other fees that may be due and owing to any other governmental entity other than the City shall be paid by the Developer. Developer shall also at its expense secure all permits and licenses, pay all charges and fees not expressly waived by this subsection C.of this Section 8,and give all not ices necessary and incident to the due and lawful prosecution of the work necessary to provide for the Subject Redevelopment as described in this Agreement.City agrees to expediate the review of the applications for building permit related to the Subject Redevelopment. - 13 - 9. INTENTIONALLY OMITTED. 10. Default. The Developer and City agree that an"Event of Default"shall be deemed to have occurred with respect to either party if(a) such party materially breaches it obligations hereunder and (b) such breach remains uncured for more than thirty (30) days following written notice thereof to such breaching party by the other party; provided, however, that if the nature of the breach is such that it cannot reasonably be completely cured within thirty(30)days of the date of such notice,then so long as the notified party commences such cure within said thirty(30)days and thereafter diligently pursues the completion of such cure in good faith, then such the party shall not be deemed to have breached this Agreement and the other party shall not seek to enforce any remedies against said notified party. 11. Remedies. Upon the occurrence of an Event of Default with respect to either party (such party being hereafter referred to as the"Party in Default"),the other party (in such context the "Aggrieved Party") shall, except as otherwise provided in this section, be entitled to pursue any and all available remedies as specified herein or otherwise available at law, equity or otherwise.Notwithstanding the foregoing or anything else to the contrary in this Agreement,with the sole exception of an action to recover the Subject Development Monetary Assistance the City has agreed to pay pursuant to the preceding Section 4 hereof,no action shall be commenced by the Developer against the City for monetary damages. Developer hereby further waives any and all claims to interest on money claimed to be due pursuant to this Agreement and waives any and all such rights to interest which it claims it may otherwise be entitled to pursuant to law, including, but not limited to, the Local Government Prompt Payment Act (50 ILCS 501/1, et seq.), as amended, or the Illinois Interest Act (815 ILCS 205/1, et seq.), as amended. The parties hereto further agree that any action by the Developer arising out of this Agreement must be filed within - 14- one (1)year of the date the alleged cause of action arose or the same shall be time barred. Venue for the resolution of any disputes or the enforcement of any rights pursuant to this Agreement shall be in the Circuit Court of Kane County, Illinois. The provisions of this Section shall survive any termination,completion and/or expiration of this Agreement. 12. Time. Time is of the essence of this Agreement. 13. Notices. All notices herein required shall be in writing and shall be served on the parties at the following addresses: If to City: City of Elgin Attn: Richard Kozal,City Manager 150 Dexter Court Elgin,IL 60120 Email: kozal r@citvofelgin.org With copy to: City of Elgin Attn: Christopher Beck,Corporation Counsel 150 Dexter Court Elgin,IL 60120 Email: beck c@cityofelgin.org If to Developer: South Grove Holdings, LLC Attn: Yesenia Echevarria, Manager 714 Villa Street Elgin, IL 60120 Email: veseniae@dreamhubinc.com With copy to: Any such notices may be sent by (a) certified mail, return receipt requested, in which case notice shall be deemed delivered on the date of deposit,postage prepaid in the U.S. mail or(b) a nationally recognized overnight courier, in which case notice shall be deemed delivered on the date of deposit with such courier or(c)by email to the parties at the email addresses, in which case notice shall be deemed delivered upon electronic transmission or(d)by personal delivery.The above addresses and email addresses may be changed by notice to the other party,provided that no notice of a change of - 15 - address or email address shall be effective until actual receipt of such notice.Notice on behalf of any party may be given by such party or its counsel to the other party and/or its counsel. 14. Interpretation. This Agreement shall be construed,and the rights and obligations of the City and the Developer hereunder, shall be determined in accordance with the laws of the State of Illinois v,ithout reference to its conflict of laws rules. 15. Relationship of the Parties. This Agreement shall not be deemed or construed to create an employment,joint venture,partnership, or other agency relationship between the parties hereto. 16. Failure to Enforce Provisions. The failure by a party to enforce any provision of this Agreement against the other party shall not be deemed a waiver of the right to do so thereafter. 17. Amendments. This Agreement may be modified or amended only in writing signed by all parties hereto,or their permitted successors or assigns as the case may be. 18. Entire Agreement. This Agreement and its attachments contain the entire agreement and understandings of the parties hereto with respect to the subject matter as set forth herein, all prior agreements and understandings having been merged herein and extinguished hereby. The parties agree that no representations or warranties shall be binding upon the other party unless expressed in writing herein or in a duly executed amendment hereof. 19. Joint and Collective Work Product. This Agreement is and shall be deemed and construed to be a joint and collective work product of the City and the Developer, and, as such, this Agreement shall not be construed against the other party,as the otherwise purported drafter of same, by any court of competent jurisdiction in order to resolve any inconsistency, ambiguity, vagueness or conflict, if any, in the terms and provisions contained herein. - 16- 20. Assignment. This Agreement shall be binding on the parties hereto and their respective successors, successors in title, grantees, and assigns and shall run with the land. A memorandum of this Agreement shall be recorded by the City against the title of the Subject Property.This Agreement and the obligations herein may not be assigned by the Developer without the express written consent of the City, which consent may be withheld at the sole discretion of the City. 21. No Conflicting Interests. In compliance with 50 ILCS 105/3.1, Developer shall provide the City with a written statement subscribed by an owner, authorized trustee, corporate official, or managing agent of the Developer, under oath, disclosing the identity of every person having an interest, real or personal. in the respective entity, and every equity owner entitled to receive more than seven and one/half percent (7.5%) of the total distributable income of the respective entity. Such disclosures shall be in writing and in a form as forth in Attachment D hereto. 22. Indemnification. To the fullest extent permitted by law, Developer agrees to and shall indemnify, defend and hold harmless, the City, its officials, officers, employees, attorneys, agents, boards and commissions from and against any and all claims, suits, judgments, costs, attorney's fees,damages or other relief,including but not limited to workers'compensation claims, in any way resulting from or arising out of or alleged to be resulting from or arising out of the negligent actions or omissions of the Developer in connection herewith, including negligent acts or omissions of the Developer's employees, agents, contractors, or subcontractors in the performance of the redevelopment work contemplated by this Agreement, or in any way resulting from or arising out of or alleged to be resulting from or arising out of any violation and/or breach of law by the Developer or its employees or agents. In the event of any action against the City, its - 17 - officials, officers, employees, agents, attorneys, boards or commissions covered by the foregoing duty to indemnify, defend, and hold harmless, such action shall be defended by legal counsel of the City's choosing. The provisions of this Section shall survive any termination, completion. and/or expiration of this Agreement. 23. No Liability. No past, present, or future elected or appointed official, officer, employee, attorney, agent, or independent contractor of the City shall be charged personally or held contractually liable under any term or provision of this Agreement including, but not limited to, because of their negotiation, approval, execution,or attempted execution of this Agreement. 24. Reports. Developer agrees to and shall provide to the City written reports on the progress of the Subject Redevelopment. Such written reports shall be provided to the City on a quarterly basis following the entry into this Agreement and shall continue until the Subject Redevelopment has deemed substantially completed. 25. Acknowledgement. Developer, on behalf of itself and its successors, assigns, grantees, and lessees of the Subject Property hereby acknowledges the proprietary, necessity, and legality of all of the terms and provisions of this Agreement and does hereby further agree and does waive any and all rights to any and all legal or other challenges or defenses to any of the terms and provisions of this Agreement and hereby agrees and covenants on behalf of itself and its successors,assigns,grantees,and lessees of the Subject Property not to sue the City or maintain any legal action or defenses against the City with respect to any challenges of the terms and provisions of this Agreement. The provisions of this Section shall survive any termination. completion,and/or expiration of this Agreement. - 18 - 26. Severability. The terms of this Agreement shall be severable. In the event that any of the terms or provisions of this Agreement are deemed to be void or otherwise unenforceable for any reason,the remainder of this Agreement shall remain in full force and effect. 27. Counterpart. and Execution. This Agreement may be executed in counterparts. each of which shall be an original and all of which shall constitute one and same Agreement. This Agreement may be executed by electronic signature, which shall be considered as an original signature for all purposes and shall have the force and effect as an original signature. Without limitation, "electronic signature" shall include faxed versions of an original signature or electronically scanned and transmitted versions(e.g., PDF)of an original signature. IN WITNESS WHEREOF, the parties hereto have entered into and executed this Agreement on the date and year first written above. CITY OF ELGIN: By: David J. tai , ayor Attest. Kim D is ity erk DEVELOPER: SOUTH GROVE HOLDINGS. LLC By: Yese la E evarria, Manager RRIA HOLDINGS LLC - 19 - ATTACHMENT A LEGAL DESCRIPTION OF SUBJECT PROPERTY PARCEL 1: PART OF LOTS 7 AND 8 IN T.O. TRIGGS SUBDIVISION OF LOT 1 IN BLOCK 14 OF JAMES T. GIFFORDS ORIGINAL PLAT OF ELGIN, AND PART OF LOT 2 IN SAID BLOCK 14 DESCRIBED AS FOLLOWS:BEGINNING AT THE SOUTHEAST CORNER OF SAID LOT 8;THENCE SOUTH 89 DEGREES 23 MINUTES 36 SECONDS WEST ALONG THE SOUTH LINE THEREOF 66.84 FEET TO THE SOUTHWEST CORNER OF SAID LOT 8; THENCE SOUTH 56 DEGREES 28 MINUTES 15 SECONDS WEST 24.47 FEET TO THE SOUTHWESTERLY LINE OF LOT 2 AFORESAID (ALSO BEING THE NORTHEASTERLY LINE OF GROVE AVENUE); THENCE NORTH 33 DEGREES 36 MINUTES 39 SECONDS WEST ALONG SAID SOUTHWESTERLY LINE 22.01 FEET; THENCE NORTH 72 DEGREES 39 MINUTES 19 SECONDS EAST ALONG THE CENTER LINE OF A WALL 19.50 FEET;THENCE NORTH 17 DEGREES 20 MINUTES 41 SECONDS WEST 2.79 FEET;THENCE NORTH 72 DEGREES 39 MINUTES 19 SECONDS EAST 14.81 FEET;THENCE NORTH 0 DEGREES 02 MINUTES 01 SECONDS WEST 2.65 FEET; THENCE NORTH 89 DEGREES 23 MINUTES 36 SECONDS EAST ALONG THE CENTER LINE OF A WALL 67.50 FEET TO THE EAST LINE OF LOTS 7 AND 8 (ALSO BEING THE WEST LINE OF SPRING STREET); THENCE SOUTH 0 DEGREES 00 MINUTES 00 SECONDS WEST ALONG SAID EAST LINE 20.36 FEET TO THE POINT OF BEGINNING IN THE CITY OF ELGIN, KANE COUNTY,ILLINOIS. PIN:06-14-435-016 PARCEL 2: THAT PART OF LOTS 4, 5, 6, AND 7 IN T.O. TRIGGS SUBDIVISION OF LOT 1 IN BLOCK 14 OF JAMES T. GIFFORD'S ORIGINAL PLAT OF ELGIN, AND PART OF LOT 2 IN SAID BLOCK 14 DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHEAST CORNER OF SAID LOT 4; THENCE SOUTH 0 DEGREES 00 MINUTES 00 SECONDS WEST ALONG THE EAST LINES OF LOTS 4, 6, AND 7 (ALSO BEING THE WEST LINE OF SPRING STREET), A DISTANCE OF 48.06 WALL A DISTANCE OF 67.50 FEET; THENCE 0 DEGREES 02 MINUTES 01 SECONDS EAST 2.65 FEET; THENCE SOUTH 72 DEGREES 39 MINUTES 19 SECONDS WEST 14.81 FEET; THENCE SOUTH 17 DEGREES 20 MINUTES 41 SECONDS EAST 2.79 FEET;THENCE SOUTH 72 DEGREES 39 MINUTES 19 SECONDS WEST ALONG THE CENTER LINE OF A WALL 19.50 FEET TO THE SOUTHWESTERLY LINE OF LOT 2 AFORESAID;THENCE NORTH 33 DEGREES 36 MINUTES 39 SECONDS WEST ALONG SAID SOUTHWESTERLY LINE(ALSO BEING THE NORTHEASTERLY LINE OF GROVE AVENUE), 48.90 FEET; THENCE NORTH 86 DEGREES 50 MINUTES 56 SECONDS EAST ALONG THE CENTER LINE OF A WALL 23.60 FEET; THENCE NORTH 03 DEGREES 08 MINUTES 04 SECONDS WEST 3.23 FEET; THENCE NORTH 86 DEGREES 05 MINUTES 26 SECONDS EAST ALONG THE CENTER LINE OF A WALL 41.32 FEET; THENCE NORTH 0 DEGREES 02 MINUTES 01 SECONDS WEST ALONG A LINE 5.0 FEET EAST OF AND PARALLEL TO THE WEST LINE OF LOT 5 AFORESAID. A DISTANCE OF 15.59 FEET TO THE NORTH LINE THEREOF; THENCE NORTH 89 DEGREES 23 MINUTES 36 SECONDS EAST ALONG THE NORTH LINE OF LOTS 5 AND 4, A DISTANCE OF 61.88 FEET TO THE POINT OF BEGINNING,IN THE CITY OF ELGIN, KANE COUNTY,ILLINOIS. PIN: 06-14-435-015 KNOWN AS: 61-65 S.GROVE AVE,ELGIN, IL 60120 ATTACHMENT B APPROVED PROJECT PLANS (23 Pages, Not Including This Cover) rfilstsi III I'll 111111] i ii . I 1 g�'' gi It Z Kt : :,i! I II j it ! 9r L pi If fl a yyet iiiii g gp a y ' _ _�� i ; Iiiri1 = 1/ atII ; _ 1 - Q a t ' ' u ' i r 1 . 1 I y ir 1 A I =11 3 li gfi {{j 111 111 lilt = ,. lf al Ii 1 I L 1 11 li = iirgirethili s I el T i! 1 ii 1 r O lJ I Q r yy B gt R J 4 ,, ! 4 i , S = . f C I i f i r < � 1 III 41 1 1 1 � � jr � / (D L ___ z = : Iii 1 4I !iII1I < ID, . 1 -Ki f 1 A i I 1 i n'l .i =z3= A. 4a // ,. Ei :li?f » ?.is ; gisiieisgg -WE e!! 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' ' ' 94i`" gFF 1 .'1� a i =1 Pip' iit 3I i it !if l i l 3 is ! q i g It] s ;1 { € t }'{'; ag; i e' II ills ? e a it - 1 a s F 3 S ja9 a1 li i 3 g 3 1 9 - ;Pi is lift iiii tti { 1 a S a ! d 7 Wig ' it ii 1 d , tt age , i Q lit 's' 1 i tit li 1 3 t i a •& } 'till' s1 If , d , Y t € 1 isr t •I. 01/20/2025 - PROGRESS SET D I15407 Trillium Boulevard.Unit B110 _ ° 65 South Grove Avenue Hoffman Estates.Illinois 60192 CoBU C 61-65 South Grove Avenue 3124101200 ARCH W Elgin, Illinois 60120 ITECTURE o..vrr•,ur,.nvro.,�a..00easo°o, sruo,o f ll s {}(lR8s 1� # � lay:SjjS ,_ � _ 3Ci° � �� .[0 0 3 , �� -- I!'1 II1IH _ ,Viii 1 3}lifi! l:i i ilidllit 5 €¢ 1l !! i•9 5'! a !3 ;i ' t 1,it'tll! • a �1t111/ i ! 5 i° )1131n lai !t11 JUIHI', " e ii SStyir, itO zt! '1 1114• 'I 1�'i i 1 14 II a ;` a i 1 ei.1 x! : IMliiUt ! ; 1e1! , lli 1111;1e ! 1111 rill !I1121111115 Qi� � € � �Fg,7=�� �� ? e1F l II 39! ° F C31 1 i 11!Iii 1• i e l I a a 1 .1 ; t ! _ 4 Y ii i ' ""H 4fin° ' n a 1 Iz4 itit t,iil 1 IJ 1 i 7s 11'14 ii 7islil §€[jij 1 -1117! e ' 11 ijllflui9 iilfi ! 2; j ! U 0RlYt ? 2t 1 ti ll 1 1 ir aS11'1 �1 ! 3a�] t't U 9 d iiS7 i �I o as 3i1 4 e 7 Y z 11 3 t ri i 1 ! 1 ! 1 a ; 1 ` Y� 1 a j111 7 1; ix 7 1 a? $ a i i € i ii i i i t'i - I II ! 6 5 5407 Trillium Boulevard,Unit 8110 _ _ Ij ' ° S o u t h Grove A v e n u e Hoffman Estates,Illinois 60192 R I ' 312.410 1260 C �,/ CO 61-65 South Grove Avenue ARCHIIECIUHE Elgin, Illinois 60120 , �q Fuwr luxe Nurpr Ip1.00lD40001 i E21 ID I, : , p .n. 03:5 tit> ti� W7 4. R • m1 • .1 t SU CF CLEARANCE C C �. .... '="• ixr —.. ..�L • ... . r. _.:Z=S—z._"'L sr i •-- .= rr o 19 AT WATER CLOSETS 1 41TYPICAL MOUNTING HEIGHTS ..• -wt.imr.^am. m ', . 3fril)11/... _El_6.1.1 ,...,, 6 I it i _ J • -•"•—' awsw,ww•..e.• • '�•wmw..�•�s wu o� 'mow. g -�M • FIRE EXTINGUISHER DETAIL I•,• WHEEL CHAIR CLEARANCE cnslNETs ---�- 7oG ��vl �• • 1 �InL--III\I t S. i2_ dr `- —I �� I /4 N SOO e� d JI IM L�fil J'"? I ori ....._•_._._•. $',',.� FLOOR SPACE -w-- �'• - -""-°-•" '-'�- KNEE a TOE CLEARANCE • �1 10 W 1.REACH RANGES 8 �-•+�•-• - ': '1"C-.. jil 4 4-1 7-11 ......--,-.7.1 -l 0•10,,, .�_- I n..... ImMOOMOOMMOMMIIM �� c/4_ .........., CD iti 4- g I ill ' 1111 MI 41 •. �r —..—+— O DOORS PROTRUDING OBJECTS REDUCED VERTICAL CLEARANCE5 LAVATORIES&SINKS ELECTRIC WATER COOLER > o• —tiCti -it 64 ill gi.. i W•Hik.,,, : t,..=.2..........•:;••....:::::::i b,i L 1 I I,:: • 0 .,LU Cr) 70 O a -- WER�wCLEARANCES-TWODOORSINASERIES' -` '-.s=...... —TURNING SPAS Cl), ...,.. n 2 �..-.�.�... o•,•mEM.mV.a,E.omLz r.......m.•omE •. z.C....wo.o.M....mm.1rm momg.. • • E -. . �Il„1 1161 cwvvcs _ _u—, CCD MOIMOM Wallin. . li 7 iiii • ., • CI_ all!el i - • : . d fl " F-- re g . ., . . .J i_Lj.,— 4= Re _ME= .likw. _ Ei.....LON.AL' I / wo ... , r / 0 .... _v. _ -r •..r r•IMOM ww w•••• rrr �.... rrrw _Q...,..N. �•Alsr. ACCESSIBLE ROUTE liziCR WIDTH OF DOORWAYS , MI NEUVERIN ZI.EARANCES AT DOORS NI LEA o AG1.0 ,I y:i 7, -P 11'' is ' t ..., 1 1, li/ `'' : ./ p z. „('; ... gii .:I--- H.._1 Filltk •' , ..413°P\. --s - Iiii La 1,0 1 \#01'1=i rl�■a g \ - i• ® ' 1------- F F J�l Imy \\ I 1—. if/ �I1-1I t w :Y - Il � ail..- ; 1 I.� _y:,�:'-...-..l rn li g la^1 t I — ..;pia I Mr Lil; E . y. 11 • V •-a. iI , . - E • i 0 \ II;/ 4�-T n i . a 1 01 t. l . .....lidol 0' iiiiiisisl i i 1 Eg] ° mr li 41: 0 I :, ki( -,, Y1 •1 I y -r t i ii 1141111 � if RR 3i i i 'I !I Ili! # t-1 8!'l i i t I i; I i i q iai ' 1 FA � I 01/20/2025 - PROGRESS SET 6 5407 Trillium Boulevard,Unit B110 _ 6 5 South Grove Avenue Hoffman Estates.Illinois 60192 C/�B U c61-65 South Grove Avenue 312.4101260 vD W ARCHITECTURE •a I 1 Elgin, Illinois 60120 Cow Funs Lsnow Number,M00404000, SW010 -.et, 1 54*\\77\• : \ i fi ` II@ r I III I� 1112, 1 1 I r I ;' III , ------ \___ N--- - '4 e-- , 1,,.. ,„ s i 3.9- 1 1111 ,:.I H Aiik ,____, , . -,=, ... , „ . --_- = 11 , / , i - . . IIIII i Hill Ili Fri p iet _. Rei t li I1lip- t , it&I I: 114 ., , - -- ,, , __J u ::.7 .. I u j Limo., , El It r iiiiiiiii r . i it iti: 1 H i11Illifl [ f T • III,4 ii;iii=i=4i vat ®1 ,,,..4 I, III _,... 2s., \r A- i\ - $ T 7 • .So , _ pYFF p P 3 1 [ f [i qi 1 2 IE 11se1s/11$Ii!1ij1'itI` $ II_ IfgIiii1g T� a 01/20/2025 - PROGRESS SET t 1 5407 Trillium Boulevard,Unit B110 D I 65 S o61-65 u t h South G roveGrove Avenue Avenue Hoffman Estates,Illinois 60192 312 410 1260 B° C W i E Elgin, Illinois 60120 ARCHITECTUREE y DownD. ,Finn lion b N.. .1e4 O0E0430001 7r> 1 r ri ....... ...1 , IT ,,, ' % *pew rati , .,,o, .c> . Wolli ri 1 41 \. rip i -r, ® ci. ��71 $V 7 ��1 _ Ire=_ __ * \� c� e �IQ ` 1•] '�� [7 r�� ' 1 I I 1 I t iri 1 ir iN:__0.---Afird """"7- ---- i 1111111 I ii,L 1 i ._ , . _ _r.,,=. r . .i h,_, .iiii i :I, 'lT L . 1 1.y.----,i �, C 1Oill—iI-; 1 t icr' �� 2 "� ' ! ! !tfiwt � m , It ig 4.7,,,rzEinraiala �_., �%rr.. Ji I ,p1 Iq VI ill [It hilli1111 11 I 11 ww � . ■ J NIE ;o ® • c a rl ...... 1 IIie in — I IIRIeei in 111i�e1Be ' II 3 : lu■ it i i -Re u1I II! t i/ . . uuI IIII I I IIII I III Pe it'I'ii 1 `dad ® t g = gtI ril iIfI § ; I Ii I1!11111111 111j1111111 01/20/2025 - PROGRESS SET D 11 5407 Tritium Boulevard,Unit B110 _ _ i° 65 South Grove Avenue Hoffman Estates,Illinois60192 COB() 312.4101260 l.. D 61-65 South Grove Avenue Elgin, Illinois 60120 ARCIIIIECIursE N Nair Firm Um.w..a.to OOOO+l:03, T 2I - Itz... i . m v. i • ;1 Z _ 1 ti. • t r Rip r I1 1 1 01 3 .'1 .' . . ' '''... . ' ji i . I E_,_ 4t- • I1N Yig pd Y. qgi> , �. 3gfR rTp}gtfir. . . ` e. * �• o R j J f i = I PI' Itipl-1 eityli-r�Ill11411 i i p R `tit di �tilliN. l°l.1`112 1 IIi - ,1tjl a"1d elli� aI a/4I `1 i 1i� z 111I � t �l ft$J�fla i#Y e 111 11 Piliall z1 1141:fir;iill ill j1111#1 Dill 11 D111011 � . H ;y t p i '� y 01/20/2025 - PROGRESS SET _ 5407 Trillium Boulevard,Unit B110 _ _65 South Grove AvenueHoffman Estates,Illinois Und Br'`OpIii---111 312.410 1260l.. DF61-65 South Grove Avenue Elgin, Illinois 60120 ARCHITECTURE o.,,�r.m w�»w.e.,,e.noeo�saoo+ /�, li • I • z► a1 t\ II __ ili '�.� i y l, ' (( . m r 2 1 3 . --- 4 .• ' 11 d9 !! • f tf Y—y h y r___y r - 1 • r 1 illiiiiiiiiiiillilittlifilrillit tf l l i' I 111141 ltp. ii ellaildif fill 1S I1 ii�g�e Aliii1 /11-ril,.gt/Ill "t1 ■ III! l• hili-$11`i; Ili 11641 41 Pal lx:d . 11 "1 Ig' _ 1411,1ii7� in r g F t g$ .. - % 1a1$1 it li/`$9 1a;ill 111 �1 1141:lifigall 41 ITIII mill 3q! i11ii0; 1i11fl6611 Ti 01/20/2025- PROGRESS SET i $ 5407 Trillium Boulevard,Unit B110 — _ o ; 6 5 South Grove Avenue Hoffman Estates,Illinois 60192 61-65 South Grove Avenue 312.410 1260 C�BU P l Elgin, Illinois 60120 ARCHI1ECIURE Now Fern 1RenM MM.,1M OO:04SOW 1 a'\ J 2► tm 7g P II if 11 iI ig a !WWy {�t�t g " gypqqast�� 1��:j I ( I } 1�rl 111;1 :0 ata11a11q t t dj 't� ri1 (t d 6� :fir - pggqE �t f r - 101 pppill 10111i : 14 imit �tj xr�gq d1 f1.4 �ft. fili i r �` 11 'weR �17*1�• �g r' tr�r� ii ill Ad !! g11.1161�p d 1 111111 i1 i1 111;1111111 11 117 ! 11 a1 t, ;e1i it 01/20/2025 - PROGRESS SET 54071 Ilium Bodeverd,Unit 8110 vp° 6 5 South Grove Avenue Hoffman Estates,Illinois 60192 ' JCA„Pl„BCTPRE 5407 Tri1260+ 61-65SouthGroveAvenueN Elgin, Illinois60120 ewe 1fl ° € i f I IMF-Miffiii I /'w �; It 1 icI \ ., 1 1 rkt-__IS— t R I - l �" R 1 L _ - �y YY , , '''' 12:7 4 ' I I a_ ill i o J i i _ 2 n i 1.--. pi , 01/20/2025 - PROGRESS SET 115407 Trillium Boulevard.Unit 8110 6 5 South Grove Avenue 1 61-65 South Grove Avenue Hoffman Estates.Illinois 60192 R D ; 312.410.1260 COB O Elgin, Illinois 60120 ARCHIuECTURE 1 i Dow Fnm uarue Nwbx 164C0e0g000i ti.MIIMI\ 11I ° o ® !III i i 1 ififflPilp ftI § II/ io lif if 10 I € [.� 1 400 ,..,-' -14 ,---. 11111k 1, 40 1. \.._.. -44 .. :,.. 70100. 1,,, , :. I§ I+ \''' IL 1 i ,Nie . ',,,,.' i ---f‘411 A i[ 1._ip , , „. ,, I►- ' . \ , i ... I© N. 1 .' w. I nr 4 M! M Ne M 4---11 __c_i;_____. ", J. .: 1 N -11 M M f NW x IN =° �.,. N i , s•e� aaawri L . ...... I 1 1 illommi ' N Q� WPM ss= J IN� 01/20/2025 - PROGRESS SET D a _ s 5407 T Ilium Boulevard,Unit B110 6 5 South Grove Avenue Hoffman Estates,Illinois 60192 ���U f 61-65 South Grove Avenue 312.4101260 Elgin, Illinois 60120 ARCHITECTURE -- - ----- mop Firm Mere*MmE«161grew-Can ;f I 1 efeffoe effe Ft I I ` ? air ,et *i f I i"I r! Ili e ' \A lim L, 2 , .. 1 0"'k,,,o oo i.• -2I'j I wig- "al _\.,4_11---ii-aus 1 I/� a4a88u \illo'At I� a . L k 4z �I -� • I/N i-7, % \, \4 lb I-- n twww in iZy O� II (fir I LI T-_=ism i � ar o : [_o° Alithamq 7 ' NR .. ••rifil I V 7 :1- ° b' 15 HI g 1_( Li isk L ._ HI IS Ilf Ell I i Mn 04_,Tliiiiilift 1 lIv E]I : ig 1 -„ p e). il :-....,-: : __ ..... w ±:.1 r. _1 *: I * D1IIji . ® I — — -3' I . a • mp am .ma 1 4 I11I L lilt _ • III '" 1 MR I. MR • OW e1 MR 01/20/2025 - PROGRESS SET F5407 Tritium Boulevard Unit Bi 10 _ y 1 s r 65 South Grove Avenue Hoffman Estates,Illinois 60192 II 61-65 South Grove Avenue 312.410.1280 COBU Ka) : Elgin, Illinois 60120 ARCHITECft0010TURE Drq�F1m Uunr Nu�Ar1M.003043 C001 / / // / �, /j %. 5_ oe r,m z► / / il ixs =.T i Z iI i 5 a32 e 01/20/2025 - PROGRESS SET Zia 5407 Trillium Boulevard,Unit 8110 65 South Grove Avenue Rodman Estates,Illinois itlz O p p IV 61-65 South Grove Avenue 31z.a1olzeo O rElgin, Illinois 60120 ARCHITECTURE.o.y�cr,.ue.w ti.m.,,eammasmm 3 i i ._..- —I i�lill i!P liii 0 Iiiilf) iIiIf1 ! O`a 111;$hl . 1 ! . -- 0 I I I a gm a � jinn j I �. tt {I I � f 11 U - l II = Ua t I 11 I i 111 .11 R ! `' 1 D 11 - a [a til 0 z ,— I I a , lr 0 i 1 :: :17" ,.,. .0„a _ ii �IOI� E, '110 EI L- I �;ii 11 Ill!, fi ti _ . �_. ,� J+ k w.,-I ill II ii la II 1, II]J.ILit!t !lit. DI i4 01/20/2025- PROGRESS SET 1 5407 Trilium Boulevard,Unit Bi 10 65 South Grove Avenue Hoffman Estates,iM6460192 C 0 B U I 61-65 South Grove Avenue 312.410.1260 u —t. E Elgin, Illinois 60120 ARCHiuo CTURE !1 ----- deign FM,Lions*rw,w+ameosaeo, 1 g R3 9 9 9 q Qi 1 . i 1 j .i. 1 . j — I LI I III I x H . . 1z ,. :m 'm ____ i _ Jl i j ^ jj I I j j o Hi . ;j 1 1 •..... . i ��s, I _ / I I I 01/20/2025- PROGRESS SET 5407 Trillium Boulevard,Unit 6110 _ D ° 65 South Grove Avenue Hoffman Estates,IAinols60192 COBDU A i 61-65 South Grove Avenue 312.4101260 N i Elgin, Illinois 60120 ARCHITECTURE —- — - - Owip,Finn Lbw.Nur4r 1841:01000001 it it I I is 1 . tRifitoqL,qy1 4 �l III II) 4 � g� IL. 1od ` I aaf)rI L xa�r I i ii, b u Ti Q i Tt TI !l t T 1' * * * i T...-_-_-__I 1 t w 4, u n sr 4, 1N>� • I t O i I I I I QI J I 1 i Ifil 1 1 1 I I I I �} ' { I I I P I3'J 1 I I <o I I I I I ' �"- I I I Im r ® I I �� " '� I I � ;o � sZ n 1 I I { �I- ,,-� # Io n )Eili',.-"' Li: 1 Y i I � r I _I i I I J � _--_-- • AL pi _ r II „ L._L . 11 i I I f i i L. I I N 1 1 i i 8 x1 IA qITIIli® II i li��II ial6 I I I L - irk 1( 111111 bUItfl1J11 I I 1 iI 1hh I Al Ilii 1s11w_1 _ I - - I Al F . '13.. ti I .10....e..1. s i —gyp .41- �. IE I I i I 6g® I ��®I 3 - _..,� tea..,... 4I I— I I i e I i I 1 i iV 6 ® ». It1 I i 1 i it I I I i i � I i I 1 1 I iglI I I IN 111 - {I I \\fit\` _� _ iI 'I °if fi ll It I Ili iI 1 I r ,Ifii 01/20/2025 PROGRESS SET {i 5407 Trillium Boulevard,Unit B110 65 South Grove Avenue Hoffman Estates,Illinois 60192 Pi1 1 312 COBU 61-65 South Grove Avenue -• Elgin, Illinois 60120 ARCHITECTURE Down Fern loom*Hie..,e.aoeouaoo+ l tr. : ( CO IDg Wo U.1 I .1 I �'� CO 1 .,. ... gc a STAIR 1 "$ 1 SECOM)FLOOR _ . 4 ( ENLARGED FLOOR PLAN 1-I i �� N 3 .._....__•_...._._ s • t - ... j' 3 a Ii ... li i,!"Idill c ca a III 1:llllil!! > m mg `•~ 1= 1 I / STAIR 1 70 (, �:why, i i i FIRST FLOOR L (n 'µ i 1 ENLARGED FLOOR PLAN M 0 i • c0 W STAR 1 . C 0 SECTION O STAIR 1 O �e a M� N 1 ENLARGED FLOOR PLAN O I A6.0 1 sew m w ta o w 111.1MwLw N ow i VQ I �— , ,I o 1 I � Y !- I _.• MINI $ ;> 2 a STAR 3 i 31 SECOND FLOOR co'o . I ENLARGED..........FLOOR PLAN E ° i `� € ~ e 6-O fV t u1xn ji t [' 011114111111 M� ow ¢ im. osommis EA IiiiEiiiiell iiiiiiilliiP \.` o : lllli aillll�l�tfllllllllll \ ,, Ir•NN�siiiii — 7 +IH'irIMMI N mac � -•®r --- • l I O o STAR 283 c i I i r-1 `� FIRST FLOOR 0 f_ — WIZEN I•� --- ---•'�-'�---- , �H��,,,n o : n�ENLARGED FLOOR PLAN I �_ ® `'�.\ 1 2 uww•r...as.liw•rl.v..r C ti 0Ltl Z ` r-, , ti A.S.Hnw I* wR Arai ... NW' . v/ I^A ISiAR283 t' W �1 IIIMN YI.rIw N.Y1tr __.-_LCl�.ai1 1.1.� AO 1 s SIkl B O 1 . Mw ,^NI STAR 2 BASEMENT NT O Ask NNr 4 ENLARGED warm.ovaamenot• I Wm FLOORO .w1FLOOR PLAN N — CV o A6.1 WAGED FLOOR RANSOMS -` TOILET FIXTURE AND ACCESSORY REFERENCE \. • I...w..... ..s.I. DI '..ww.w.m.r.. o : , L a = Ib....r...Itlsw O \ p � , owm / rw�r, • ... e .. tl.r..n M W �y9 me.wsw.u+w.c rr o�EY! ' 0 4 ' O Q w I c- '`i - m + ; o ( � m - s a , �o'� n 1�3T i' /Jj ;}- i000 LENS FIRST FLOOR WOMEN'S FIRST FLOOR ' ENLARGED R.00RPLNI& I�olM_-..�.�... ... TERIOR ELEVATION JINTERIOR ELEVATION "w`� ...� .... FeORH>v �_k ...._ o o o a. m 01A. a. H 0 cai,r f El r....r..r..r.+..00.0011 2 rig —, ill ti_i_ klir t COMM •�•�� t lb 000001 We.b aM+Mr Al LI"I " I ■ m.::: % ACCESSORY SCHEDULE i Raa. c ■ice �iyi --.__: ieas+.rmss.w..mawtw E o Mil FBdSFRSTFLOOR WOIENSFESTFLOOR q, w.cr�rw .o.rr..e.artlua7 wwR.cru.e . o N _ _ `a. n.r.umrsnrwrrr.. 9 INTERIOR ELEVATION INTERIOR ELEVATION ° Mr MOONA�'.0•RX. m.... a"" _ o nifiO N,......,. ..... O ...a...aaa. .00 000.0 ..... 11.9 k t430. ° CD C MENS FIRST FLOOR WOMENS FIRST FLOOR O +m....o r'•m"•w > m 0 -$'INTERIORELEVATION a INTERIOR ELEVATION CA Q ¢ OO N O O w. C 0 = O • O _^ C OC - - I s�.Y.. £+� •Ili....I .� m -- I� I= ?e.� Otip L1J :: is- 1.1r li (I) 70 MEN'S FIRST FLOOR + WOLENS FRET FLOOR ' +. I- 7 2 INTERIOR ELEVATION I INTERIOR ELEVATION �lyl1� W 1 w.r4.iYw. _�e.N.I..Y.I _ VJ//) n . ACCESSIBLE COUNTER (I) o U a LLl - I 1 :o ---J O -- o �' rtoo oft, I I CL Lo ihl o N ...a. ..... LEGEND HENS FIRST FLOOR WENS FRET FLOOR O e_�ev.e1411. 6 I ENLARGED rFLOOR PLAN LIJ ENLARGED FLOOR PLAN 0 ate"" .,r...,�,.... N 0 A7.1 7 IN mE :m 1rn U 'n 3r 7-1m O af. •, I a� • H ,v • 1A 1 I a 01/20/2025 - PROGRESS SET 11 5407 TAlium Boulevard.Unit B110 D 65 South Grove Avenue Hoffman Estates.Illinois 60192 C O�D U- P 61-65 South Grove Avenue 312.410.1260 Elgin, Illinois 60120 ARCHITEEoTURL I T owc Warr a rar .m.:164 axum ooi ATTACHMENT C SCOPE OF WORK AND ELIGIBLE REDEVELOPMENT PROJECT COSTS (4 Pages,Not Including This Cover) 1 TABLE 1. ELIGIBLE REDEVELOPMENT PROJECT COSTS Subject Redevelopment $3,710,100 Construction/Redevelopment Cost Subject Property Purchase Price $999,999 Subject Redevelopment Soft Costs $378,737 TOTAL S5,088,836 1 CHICAGO TITLE INSURANCE COMPANY SWORN OWNER'S STATEMENT TO CHICAGO TITLE INSURANCE COMPANY Guarantee No. State of Illinois Escrow# ss. County of The affiant, Yesenia Echevarria being first duly sworn,on oath deposes and says that he is the*owner/beneficiary of Trust No. held by which is the owner'of the following described premises in Kane County, Illinois.to wit: _Parcel#'s 06-14-435-015&06-14-435-016 of County Kane__ 1. That he is thoroughly familiar with all the facts and circumstances concerning the premises descnbed above; 2. That with respect to improvements on the premises the only work done or materials furnished to date are as listed below; 3. That the only contracts let for the furnishing of future work or materials relative to the contemplated improvements are as listed below; 4. That this statement is a true and complete statement of all such contracts,previous payments and balances due,if any. Adjusted Total Contract Ind. Amount of this Balance to Become Name and Address Kind of Work Extras&Credits Previously Paid Payment Due Structure Point Contracting General Contractor $3,935,100.00 $511,750.00 $3,423,350.00 Erie Insurance Insurance Builders Risk 530,437 00 S5.000 00 S25.437.00 CUBO Design Studio Architecture $47,000.00 $5.000 00 $42.000.00 CUBO Design Studio Mechanical and Structure $36,500.00 S36.500 00 Ramsey Historic Consultants, Inr Histroc Tax Credit Application $32,000.00 $5,000.00 $27,000.00 Walkere Consultants Structual Engineer Site Assessme $7.900.00 $3.900.00 $3,900 00 4 • Totals $4,088,837.00 SO 00 $530.650.00 53,558,187.00 'STRIKE ONE' THE UNDERSIGNED HEREBY APPROVES THE ABOVE AMOUNTS FOR PAYMENT. i � J SIGNED �^ ADDRESS c1 S CSrov-e. Fv2 EIC9ty, Z L (PO IL() Subscribed and sworn to before me this j±day of C)l `!nQ/� aCU Notary Public Provided by Chicago Title Insurance Company OFFICIAL SEAL ( CORINA M VETO 1 NOTARY PUBLIC STATE OF ILL:NOIS 1 MY COMJISSON EXPIRES 12/222025 SWORN STATEMENT OF CONTRACTOR AND SUBCONTRACTOR TO OWNER AND TO CHICAGO TITLE INSURANCE COMPANY Page of Pages State of Illinois } ss. County of The affiant, Kevin Echevarria _being first duly sworn,on oath deposes and says that he is LLC Manager_ of__ Structure Point Contracting LLC that has a contract with South Grove Holdings LLC ,owner __-_ for 61-65 S.Grove Ave Elgin,IL 60120 on the following described premises in said County,to wit: _Parcel#'s 06-14-435.015&06-14-435-016 of County Kane That,for the purposes of said contract,the following persons have been contracted with,and have furnished,or are furnishing and prepanng materials for,and have done or are doing labor on said improvement. That there is due and to become due them,respectively,the amounts set opposite their names for materials or labor as stated. That this statement is a full,true and complete statement of all such persons,the amounts paid and the amounts due or to become due to each. 1 2 3 4 5 6 7 Name and Address Kind of Work Amount of Contract Retention(including Net of Previous Net Amount This Balance to Become Current) Payments Payment Due(inc. Retentions) Structure Point Contracting Construction Management 5225,000.00 S74,250.00 S150,750.00 Structure Point Contracting Site Stablization 522,500.00 522.500.00 $0.00 Gilco Scafolding All Elevation Bracing $340,000.00 $200,000.00 $140,000.00 Midwest Wrecker's All Roof Demolition 5120,453.00 570,000.00 $50,453.00 Structure Point Contracting Framing and Drywall $425,000.00 $145,000.00 5280,000.00 Structure Point Contracting Tuckpoining & Parging $149,875.00 $0.00 $149,875.00 Sub TBD Concrete $28,900.00 $0.00 528,900.00 Sub TBD Roofing _ $190,595.00 _ $0.00 $190,595.00 Structure Point Contracting Door Frames and Hardware $83,368.00 $0.00 $83,368 00 Sub TBD Plumbing $265,000.00 $0.00 5265,000.00 Sub TBD Electncal , $465,000.00 $0.00 5465,000.00 Structure Point Contracting Strore Front Glass and Windows $156,000.00 $0.00 5156,000.00 Sub TBD HVAC 5149,999.00 $0.00 $149,999.00 Sub TBD Fire, smoke and cameras (Low Voltage) $49,000.00 S0.00 $49,000.00 Sub TBD Firespnnklers $159,000.00 $0.00 5159,000.00 Structure Point Contracting 2nd Floor Apartment Finishes and Appplicances $280,000.00 SO 00 $280,000-00 Structure Point Contracting 1st Floor Type 1 Hoods $75,000.00 $0.00 575,000.00 — Structure Point Contracting Lower Level Offices and Storage Finishes 5225,000.00 $0.00 $225.000.00 Smart Elevators Elevator $117,755.00 $0.00 $117,755 00 Structure Point Contracting _1st Floor Commerical Finishes $225,000.00 $0.00 $225.000.00 . - 4 Sub TBD Structual Steel $182,655.00 $0.00 $182,655.00 Totals ' $3,935,100.00' 0 0 S511,750 00 $3.423,350.00 AMOUNT OF ORIGINAL CONTRACT S 3,935,100 00 WORK COMPLETED TO DATE SO 00 EXTRAS TO CONTRACT 5 0 00 LESS_%RETAINED $0.00 TOTAL CONTRACT AND EXTRAS S 3,935,100 00 NET AMOUNT EARNED SO 00 CREDITS TO CONTRACT S 0 00 NET PREVIOUSLY PAID SO 00 ADJUSTED TOTAL CONTRACT $ 3,935,100.00 NET AMOUNT OF THIS PAYMENT $511.750.00 BALANCE TO BEC ME DUE 53,423,350 00 I AGREE TO FURNISH WAIVERS OF LIEN FOR ALL MATERIALS UNDER MY CONTRACT WHEN DEMANDED , _— - Signed /; /u4/7 , ( 1 (Positron) J Subscribed and sworn to before me this day of (r)(�i�) (i,sS Notary Public The above sworn statement should be obtained by the owner before each and every payment Provided by Chicago The Insurance Company 1 OFFICIAL SEAL CORINA M VETO NOTARY PUBLIC STATE Or ILUNOIS 0 MY COMMISSION EXPIRES 12122;2025 ATTACHMENT D AFFIDAVITS OF OWNERSHIP (2 Pages) /e'en( larli oi (name), ! ( (title),being first duly sworn upon oath states as follows: Affiant has personal knowledge of the facts stated herein. Per 50 ILCS105/3.1, the identities of all owners and beneficiaries having an interest or proposing to have an interest in the real property commonly known as �Q{ -/oS 5 CrOVe 1l1149 to be conveyed/used are as follows (check applicable box(es)and cdrhplete information requested): ID Individual. Individual owner(or proposing to be an owner or tenant)of the property is: Nonprofit Organization. Nonprofit organization owner (or proposing to be an owner or tenant) of the property is . There is no individual or other organization receiving distributable income from the organization. El Public Organization, including units of local government. Public organization owning (or proposing to be an owner or tenant) the property is There is no individual or other organization receiving distributable income from the organization. Publicly-Traded Corporation. Publicly-traded corporation owning (or proposing to be an owner or tenant) the property is There is no readily known shareholder entitled to receive more than 7-1/2% interest in the total distribution income of the corporation. Er- Corporation, Partnership, Limited Liability Company. Corporation, partnership, limited liability company owning (or proposing to be an owner or tenant) the property is S001 &aft Nvkdtnq LIC . Those entitled to receive more than 7-1/2% of the total distributable inco a of said entity are as follows: Name Address *I. \(sse ma P je,varir4G( 1PA U;lta St elgi n tL L,o I ZO 2. 3. 4. El Land Trust or Declaration of Trust. Land trust or declaration of trust owning(or proposing to be an owner or tenant) the property is _ . The identity of each beneficiary of Grantor Trust is as follows: Name Address %of Interest *1. 2. 3. 4. *IF THE INITIAL DISCLOSURES SHOW INTERESTS HELD BY ANOTHER CORPORATION, PARTNERSHIP, LIMITED LIABILITY COMPANY, OR TRUST, THEN FURTHER DISCLOSURES SHOULD BE PROVIDED UNTIL THE NAMES OF INDIVIDUALS OWNING THE INTEREST IN THE ENTITY ARE DISCLOSED. -kM Dated this I 1 day o -C 9(//a f'7.( , 20Z<. By: ignature Lle5ev ►c Pc ivvrr Manor ( Print Name and Title if applicable State of Illinois ) )SS County of �J\a h ) This instrument was acknowledged before me on 0, , 20_2& by eand: . EC4-PrpeP.i14 • lu(SEAL) • CRYSTAL NICOLE MCGUIRE /�►�� / //�'�e rnL�G[� NotaOFFICIAL Pudic-ate No Public Commission No.909950 1y Comissim E*ires*la Zee My Commission Expires:gpeji 2. Ige NOTE: THIS AFFIDAVIT MAY BE EXECUTED AND ACKNOWLEDGED ON BEHALF OF THE RECORD OWNER(S) BY A MEMBER, AN OWNER, AUTHORIZED TRUSTEE, CORPORATE OFFICIAL. GENERAL PARTNER, OR MANAGING AGENT, OR HIS OR HER ATTORNEY.